As many already know Kraft (KRFT) is merging with Heinz to become the Kraft Heinz Company. The new company will become the third-largest food company in North America and the 5th largest in the world. The best part of the news aside from a jump in shareholder value is that Warren Buffett is involved in the deal and will keep his shares in the company, so if he keep the shares I will do the same - I will not sell my stake in the new company.
Kraft shareholders will receive a 49% stake in the new company and will also receive a special $16.50 dividend.
Since I currently own 15 shares, my special dividend amount will be $185.62 (after tax).